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Correct! The manufacturer must sell 19,250 cups to break even. First,
prior year xed costs are computed by multiplying the contribution
margin per unit by the breakeven point in units. KennethChen3
Then,
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8/14/2017 Homework Help Center | Roger CPA Review
Since xed costsincreased 10% from last year, current year xed costs
are $115,000 ($105,000 x 1.1). Current year variable cost is $3 ($2.25 x
133.3%). Current year contribution margin is $6 (selling price of $9 -
variable cost of $3). Current year breakeven point is computed as
follows:
(a) Incorrect! The manufacturer must sell 19,250 cups to break even.
First, prior year xed costs are computed by multiplying the
contribution margin per unit by the breakeven point in units.
Then,
Since xed costs increased 10% from last year, current year xed costs
are $115,000 ($105,000 x 1.1). Current year variable cost is $3 ($2.25 x
133.3%). Current year contribution margin is $6 (selling price of $9 -
variable cost of $3). Current year breakeven point is computed as
follows:
0 Views Hello,
I'm working on IPQ 3022390. Lessee Company enters into a lease on
January 1, 20X2 that is accounted for as a capital lease. The lease calls
for quarterly payments of $15,000, beginning on January 1, 20X2, and
continuing for 5 years. The last payment is due on October 1, 20X6.
The lease has an implicit annual interest rate of 8%.
laura.c3600
What amount will Lessee report as a lease obligation on its nancial
statements dated December 31, 20X2?
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8/14/2017 Homework Help Center | Roger CPA Review
A: 203,657
I'm wondering if the question was slightly di erent and asked for the
lease obligation as of August 31, 2012 would the answer be 214,370?
Basically to answer the question, you look at the balance as of the
most recent quarter's payment?
Thanks!
Adams DID NOT occupy the residence for more than 14 days of
personal use. There were 0 days of personal use after the property
was converted to rental use.
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8/14/2017 Homework Help Center | Roger CPA Review
0 Views How is Section 144 (exemption to 505 & 506) helpful? 505 & 506
securities can be sold after 2 years anyway. I don't see the bene t with
Section 144 exemption. Please clarify.
Neetha
0 Views Hi,
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8/14/2017 Homework Help Center | Roger CPA Review
Thanks,
Torrite4
During the initial planning phase of an audit, a CPA most likely would...
Correct answer is C.
Please explain.
Thanks.
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8/14/2017 Homework Help Center | Roger CPA Review
0 Views Is sec 179 Dep deduction available only 3/5/7 years tangible personal
property? or even on 10/15/20 years tangible personal properties?
Thanks
ca.amoldesai@gmail.com
0 Views Hi there
the answer key is missing the $2,000 (tuition deduction) on line 34 on
the face of the 1040.
DP85
0 Views Hello,
Could you please show the lessor's journal entries?
Thanks in advance
The lessor will recognize no gain or loss in 20X2 and the lessee will
recognize depreciation expense of $2,944 in 20X3.
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8/14/2017 Homework Help Center | Roger CPA Review
0 Views Ace Rentals Inc. an accrual -basis taxpayer ,reported rent receivable of
$35000 and $25000 in its Year 2 and Year 1 balance sheets.,
respectively .During Year 2 ,Ace received $50000 in rent payments and
$5000 in nonrefundable rent deposits . In Ace's corporate income tax
return , what amount should Ace include as rent revenue ?
A- $55000 ahmedaisel2017
b-$ 60000
c- $ 50000
D- $ 65000
I made it $55000 , because its related income tax return not nancial
statement,$50000 rent collection + $ 5000 not refundable . on the
other hand , they made it $65000 . could you please explain ?
Kan
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8/14/2017 Homework Help Center | Roger CPA Review
Correct Answer:
Over the 5-year term of the lease, Wall will receive the following rents:
On the book says, (e.g, the income for the rst 3 months will be
divided by 3/12 to estimate the full year income in determining the
rst quarter estimated payment)
wks2000
I cannot understand how full year income will be determined by
dividing rst quarter income with 3/12
0 Views Exam Question: In the market for widgets, if demand increases and
supply decreases, based on this information, what would economic
theory predict?
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8/14/2017 Homework Help Center | Roger CPA Review
If the Demand curve increases and the supply decreases, seems like
Price would be indeterminate and the quantity would go up if the
Demand curve shifts to the right and the supply curve also shifts to the
right causing the intersect to only move to the right (increase in
quantity) with no change in the price (indeterminate). Shouldn't the
answer be the 3rd option (Price will be indeterminate and quantity will
increase) and not 1st option (Price will increase, and change in
quantity is indeterminate) lhalsema2
erickatz
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